Eleanor Terrett (@EleanorTerrett): 🚨NEW: Judge Torres from the @Ripple case is back at the center of another big legal battle. This time in @Kalshi's SDNY case, where she just denied th…
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🚨NEW: Judge Torres from the @Ripple case is back at the center of another big legal battle. This time in @Kalshi's SDNY case, where she just denied the exchange a preliminary injunction, allowing the case to proceed to the motion-to-dismiss stage after finding that New York's gambling laws, as applied to Kalshi's sports event contracts, are not preempted by the Commodity Exchange Act.